DIA vs JPM: Correlation
SPDR Dow Jones Industrial Average ETF (DIA) and JPMorgan Chase (JPM) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and JPM?
On 3 years of weekly data the DIA/JPM correlation comes out at 0.74, strong. The past 12 months show a weaker link (0.56) than the 3-year average (0.74). The 5-year figure is 0.74, and annualized covariance runs at 223.4 %².
By 3-year correlation, JPM places #24 of the 116 assets tracked against DIA. Their 12-month results are close: +19.2% for DIA against +20.6% for JPM. Across three years, the rolling one-year figure varied moderately, from 0.55 to 0.85. One caveat on sizing: JPM is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DIA vs JPM: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | JPM (JPMorgan Chase) | |
|---|---|---|
| 1-year return | +19.2% | +20.6% |
| 5-year return | +64.8% | +150.2% |
| Volatility (ann.) | 13.0% | 23.2% |
| Beta vs S&P 500 | 0.79 | 1.01 |
| Max drawdown (3Y) | -16.0% | -24.4% |
| Market cap | – | $941.6B |
| P/E (trailing) | – | 15.2 |
| Dividend yield | 1.37% | 1.68% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | Financials |
DIA is a Large Value fund from State Street Investment Management: $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | JPM |
|---|---|---|
| 2022 | -7.0% | -12.6% |
| 2023 | +16.0% | +30.6% |
| 2024 | +14.8% | +44.3% |
| 2025 | +14.7% | +37.3% |
| 2026 | +12.3% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 3.96% of DIA is JPM itself, so the fund partly moves with the stock by construction.
Are DIA and JPM good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DIA and JPM?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.56 over the last year and 0.74 over 5 years.
Is JPM a good diversifier for DIA?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dia-vs-jpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dia-vs-jpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIA correlations · JPM correlations
